Energizer’s (ENR) “Sector Perform” Rating Reaffirmed at Royal Bank of Canada

Energizer (NYSE:ENR)‘s stock had its “sector perform” rating reiterated by investment analysts at Royal Bank of Canada in a research note issued on Thursday,Benzinga reports. They presently have a $38.00 price objective on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 11.83% from the stock’s current price.

ENR has been the topic of a number of other research reports. UBS Group lowered their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Truist Financial increased their price objective on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Canaccord Genuity Group increased their price target on shares of Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Finally, Barclays lowered shares of Energizer from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $34.00 to $36.00 in a research report on Wednesday, November 20th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Energizer currently has a consensus rating of “Hold” and an average target price of $38.38.

Energizer Stock Down 0.5 %

ENR stock opened at $33.98 on Thursday. The stock has a market capitalization of $2.45 billion, a PE ratio of 65.35 and a beta of 1.07. The company has a fifty day moving average of $35.92 and a 200-day moving average of $32.99. The company has a debt-to-equity ratio of 23.51, a quick ratio of 1.00 and a current ratio of 1.80. Energizer has a one year low of $26.92 and a one year high of $39.51.

Insiders Place Their Bets

In other news, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total value of $108,233.88. Following the completion of the sale, the vice president now owns 4,635 shares of the company’s stock, valued at $178,401.15. The trade was a 37.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robin Vauth sold 4,070 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $38.16, for a total value of $155,311.20. Following the completion of the transaction, the executive vice president now owns 9,827 shares of the company’s stock, valued at $374,998.32. The trade was a 29.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,860 shares of company stock valued at $334,694. Corporate insiders own 0.98% of the company’s stock.

Institutional Investors Weigh In On Energizer

Several hedge funds have recently modified their holdings of the stock. US Bancorp DE increased its position in Energizer by 1.6% during the third quarter. US Bancorp DE now owns 19,593 shares of the company’s stock worth $622,000 after purchasing an additional 308 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Energizer by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock worth $27,000 after buying an additional 356 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in Energizer by 22.4% in the third quarter. Avior Wealth Management LLC now owns 2,058 shares of the company’s stock valued at $65,000 after acquiring an additional 376 shares during the last quarter. Sanctuary Advisors LLC grew its position in Energizer by 4.2% during the fourth quarter. Sanctuary Advisors LLC now owns 9,800 shares of the company’s stock valued at $335,000 after acquiring an additional 392 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in Energizer by 5.0% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 10,226 shares of the company’s stock worth $357,000 after acquiring an additional 485 shares during the last quarter. 93.74% of the stock is owned by institutional investors and hedge funds.

About Energizer

Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer, Eveready, and Rayovac brands; primary, rechargeable, specialty, and hearing aid batteries; and handheld, headlights, lanterns, and area lights, as well as flashlights under the Hard Case, Dolphin, and WeatherReady brands.